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Kimberly-Clark to Reorganize;
High-Ranking Official to Retire

Split Between Developing
And Developed Markets
Is Planned for Businesses

By

Sarah EllisonStaff Reporter of THE WALL STREET JOURNAL

Updated Jan. 20, 2004 12:22 a.m. ET

Still smarting from its latest price war with rival Procter & Gamble Co., diaper maker Kimberly-Clark Corp. announced a sweeping reorganization and said the executive in charge of its global diaper-and-feminine-care business will retire.

The new structure, which is expected to reduce the company's costs, splits Kimberly-Clark's main businesses into developed- and developing-markets divisions instead of by region. Kimberly-Clark's thinking is that countries in Western Europe and North America, for instance, face one set...